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Agenda - 05-26-2016 - 2B - Public School Forum Local School Finance Study
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Agenda - 05-26-2016 - 2B - Public School Forum Local School Finance Study
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BOCC
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5/26/2016
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Budget Sessions
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Agenda
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2B
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Minutes 05-26-2016
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LARGE SPENDING DISPARITIES REMAIN <br /> REAL ESTATE WEALTH GAP This year's study found a larger gap between the highest-and <br /> lowest-spending counties:$2,211 per student,compared with <br /> $2,183 last year.Orange County,at the top of the list,spends <br /> 2,500,000 more than eleven times more per student than Swain County at <br /> the bottom.The ten highest-spending counties spend 4.14 times <br /> more per child ($2,916 per child)than the ten lowest-spending <br /> 2,000,000 counties($705 per child).On average,the highest-spending <br /> counties increased their spending by about 2 percent more <br /> per child this year since last year($61 more per student).The <br /> 1,500,000 lowest-spending counties increased their average spending per <br /> student by 4.9 percent($33 per student). <br /> 000,000 SUPPLEMENTAL FUNDING REMAINS CRUCIAL <br /> In 1991,the state enacted supplemental funds for low-wealth and <br /> small counties, in part to address the limited capacity that some <br /> 500,000 counties have to raise revenues through taxation because of their <br /> limited local resources and size. In 2013-14 the General Assembly <br /> provided an appropriation of$212 million for 69 low-wealth counties <br /> (79 districts)and$45 million for 27 small counties. <br /> e 00 v e 00 a e, e, e 00 e°<1'e 5C'e o\P <br /> Low-wealth supplemental funding is provided to systems whose <br /> The difference in real estate wealth capacity between the ten wealthiest ability to generate local revenue per student is below the state <br /> and ten poorest counties has grown from$477,477 in 1997 to average.Some of the factors used to determine eligibility are <br /> $1,521,899 in 2013. county adjusted property tax base,square miles in the county, <br /> and per capita income. In 2013-14, low-wealth eligible counties <br /> received total low-wealth supplemental funding ranging from <br /> $24,299 to$17.6 million. Per-student dollars ranged from $8 <br /> (Cabarrus)to$742(Robeson). <br /> WIDENING SPENDING GAP Small county supplemental funding was provided in 2013-14 to <br /> those county school systems with average daily membership <br /> (ADM) less than 3,239 or to county school systems with ADM <br /> between 3,239 and 4,080 whose county adjusted property tax base <br /> per student was below the state adjusted property tax base per <br /> student. In 2013-14,eligible counties received between$1.42 and <br /> 2,500 <br /> $1.89 million in small-county supplemental funding. Per-student <br /> dollars ranged from$451 (Anson)to$3,165(Tyrrell). <br /> 2,000 SPENDING DISPARITIES <br /> $4,000 CASWELL$847 <br /> ORANGE$4,355 <br /> soo COLUMBUS$760 <br /> $3,000 <br /> GREENE$688 <br /> $2,000 GRAHAM $628 <br /> HOKE$533 <br /> $1,000 ROBESON $522 <br /> ��'�1�a10�oio'vooO�oo��oo'1'voo"voO�oO�oO��oO�„cob O�'vo'��,„,, vole 1'�e SWAIN$383 <br /> If the bottom seven counties'total current spending were combined, <br /> The spending gap between the top ten-spending and bottom ten-spending they would still only spend$6 more per child than Orange County <br /> counties has grown from$1,094 in 1997 to$2,211 in 2014. spends by itself. <br /> n< <br />
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